Companies Investing in Bitcoin: Paypal (PYPL), Square (SQ), Tesla (TSLA) and Galaxy Holdings (BRPHF)

 

Paypal (PYPL)

Paypal (PYPL) PayPal allows users to buy and sell Bitcoins, but does not plan to have bitcoin on their balance sheet.

Square (SQ)

Square's founding CEO, Jack Dorsey, is a longtime Bitcoin fan and has allowed corporate customers to use it in transactions. Square has a significant amount of Bitcoin on its balance sheet. In October, they bought another 4,709 Bitcoins for $ 50 million and currently the investment is worth about $ 200 million. Mobile payment company Square said in its third quarter earnings announcement that customers purchased $ 1.6 billion of Bitcoin, from which the company made $ 32 million in profit. The company's balance sheet has 38,250 Bitcoins worth about $ 1.7 billion.

Tesla (TSLA)

Tesla's $ 1.5 billion Bitcoin investment, which appeared in an SEC file on Feb. 8, is now increasing.

Galaxy Holdings (BRPHF)

Michael Novogratz's investment firm continues to focus on digital currencies. In the earnings report announced in September 2020 in the third quarter of 2020, the company announced that it was $ 176.4 million in bitcoin, and the approximate profit from this investment today is $ 718 million.   Companies Investing in Bitcoin: Paypal (PYPL), Square (SQ), Tesla (TSLA) and Galaxy Holdings (BRPHF) Source: https://finance.yahoo.com/ You may also be interested in:

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